Ondas stock wobbles on heavy volume as a January share issuance nears
Ondas Holdings shares fell 0.5% to $8.44 Monday afternoon, with volume over 22 million. The company expects to issue about 2.39 million new shares on Jan. 5 after a notes-and-warrants exchange, including 1.15 million to an entity linked to CEO Eric Brock. Ondas forecasts a $56.6 million non-cash charge for the quarter ending Dec. 31. Peers AeroVironment and Red Cat also traded lower.